Is the SEC's Iron Fist Coming? Crypto market regulatory myth roundup

On February 9, crypto markets briefly fell sharply on suspected US regulatory news. BlockBeats summarized the rumors about SEC regulation in the market at present. No policies have been implemented yet, but we still need to pay attention to risks.

This morning, the founder of CoinbaseBrian Armstrong tweetedSaid the Securities and Exchange Commission is rumored to want to ban retail cryptocurrency pledges in the United States.

Coincidentally, before this, there were also encrypted Kols to make a similar sound. Partner, Castle lsland Ventures  Nic CarterAnd cryptographic agency X 3 founder.Andrew  Says the Federal Reserve and the Office of the Comptroller of the Currency are taking joint action that could cut off the crypto industry from traditional banks. Stablecoin issuers such as Paxos have been told to voluntarily withdraw their applications for banking licenses, or the OCC will reject their applications by Friday.

In addition, the SEC's regulation of crypto trading platforms appears to be entering a new phase.According to Bloomberg,Kraken, a crypto trading platform, is the subject of an SEC investigation into whether it violated certain rules about offering unregistered securities to U.S. investors. The investigation is at an advanced stage and a settlement could be announced within the next few days. It is not clear which tokens or products are under review.

Industry leader Binance seems to have caught wind of this. On February 7, Binance announced that it would suspend all dollar interbank transfers from February 8, although cryptocurrency transactions and dollar deposits and withdrawals from Binance.US would not be affected.

Feb. 9, according to people familiar with the matter，Binance 正在组建一个加密公司联盟，在即将出台的法规中发挥积极作用。目前许多加密领域公司已签约加入，包括项目团队、交易平台和区块链分析公司等。 知情人士表示，该联盟不会由 Binance 运营，但「将在许多不同的项目中以尽可能去中心化的方式运行，以确保与社区保持一致」，该知情人士还表示，其初期目标是与全球监管机构合作，并展示该行业在打击犯罪分子方面的先进程度，同时「也是为了确保有一种机制来指出行业中的缺点和不良行为，并帮助避免更大的问题蔓延」。

After a clearing in 2022, the crypto industry seems to be starting 2023 with signs of warming. It is unclear where this regulatory message will take the market.

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